VOLATILITY SHS TR XRPI
XRP ETF · ETP · CUSIP 92864M780
39
institutional holders
-3 vs Q1 2026
2.0m
shares reported held*
$11.3mreported value*
9 new
11 added
4 reduced
11 sold out
net bought ≈ $185.3k (+32.3k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $5.74. Options: 0 managers hold calls (— notional), 4 hold puts ($854.1k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2025 | 8 |
| Q3 2025 | 46 |
| Q4 2025 | 48 |
| Q1 2026 | 42 |
| Q2 2026 | 39 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2025 | 44 | 1 |
| Q4 2025 | 28 | 20 |
| Q1 2026 | 20 | 22 |
| Q2 2026 | 20 | 15 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.4m | $717.1k | 0.51 |
| Q4 2025 | $3.2m | $3.7m | 1.15 |
| Q1 2026 | $291.1k | $5.3m | 18.32 |
| Q2 2026 | $0 | $854.1k | — |
Biggest buyers
| IronBridge Private Wealth, LLC | Added | +174.0k |
| Tactive Advisors, LLC | Added | +134.2k |
| Farringdon Capital, Ltd. | Added | +96.9k |
| GROUP ONE TRADING LLC | New | +25.2k |
| CITADEL ADVISORS LLC | Added | +21.1k |
| JANE STREET GROUP, LLC | New | +14.3k |
| Q3 Asset Management | Added | +13.7k |
| HARBOUR INVESTMENTS, INC. | Added | +13.6k |
| Arkadios Wealth Advisors | New | +10.6k |
| Belvedere Trading LLC | New | +5.3k |
Biggest sellers
| ENVESTNET ASSET MANAGEMENT INC | Sold out | -289.4k |
| Atria Investments, Inc | Sold out | -96.6k |
| FLOW TRADERS U.S. LLC | Sold out | -38.4k |
| Virtu Financial LLC | Sold out | -25.7k |
| Farther Finance Advisors, LLC | Reduced | -17.6k |
| Concorde Asset Management, LLC | Sold out | -13.3k |
| Clayton Financial Group LLC | Sold out | -2.1k |
| MORGAN STANLEY | Sold out | -1.7k |
| Scarborough Advisors, LLC | Sold out | -445 |
| HOLLENCREST CAPITAL MANAGEMENT | Reduced | -411 |
Biggest calls
| None |
Biggest puts
| CITADEL ADVISORS LLC | Added | $520.6k90.7k shares |
| GROUP ONE TRADING LLC | Added | $200.9k35.0k shares |
| IMC-Chicago, LLC | Reduced | $75.2k13.1k shares |
| Belvedere Trading LLC | New | $57.4k10.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| IronBridge Private Wealth, LLC 1.30% of their portfolio | 691.9k $4.0m | Added +174.0k |
| Farringdon Capital, Ltd. 1.39% of their portfolio | 489.3k $2.8m | Added +96.9k |
| Tactive Advisors, LLC 0.30% of their portfolio | 215.4k $1.2m | Added +134.2k |
| UBS Group AG 0.00% of their portfolio | 197.4k $1.1m | Unchanged |
| Q3 Asset Management 0.07% of their portfolio | 66.1k $379.0k | Added +13.7k |
| HARBOUR INVESTMENTS, INC. 0.01% of their portfolio | 64.9k $372.3k | Added +13.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 54.4k $312.5k | Added +21.1k |
| Blue Trust, Inc. 0.00% of their portfolio | 44.9k $258.0k | Added +35 |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 25.2k $144.4k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 14.3k $82.0k | New |
| EP Wealth Advisors, LLC 0.00% of their portfolio | 13.4k $77.1k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 13.3k $76.1k | Added +260 |
| Refined Wealth Management 0.04% of their portfolio | 12.5k $71.7k | Reduced -367 |
| Brookstone Capital Management 0.00% of their portfolio | 12.4k $71.1k | Added +1.2k |
| Arkadios Wealth Advisors 0.00% of their portfolio | 10.6k $60.6k | New |
| LITTLEJOHN FINANCIAL SERVICES, INC. 0.04% of their portfolio | 10.2k $58.5k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 5.5k $31.6k | First filing |
| Belvedere Trading LLC 0.00% of their portfolio | 5.3k $30.3k | New |
| Larson Financial Group LLC 0.00% of their portfolio | 4.3k $24.8k | Unchanged |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 3.3k $19.3k | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 3.1k $17.7k | Reduced -17.6k |
| Caitlin John, LLC 0.01% of their portfolio | 3.0k $17.2k | Reduced -387 |
| IFP Advisors, Inc 0.00% of their portfolio | 2.1k $11.9k | New |
| Lodestone Wealth Management LLC 0.00% of their portfolio | 1.9k $10.7k | Added +1 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 1.5k $8.5k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 1.3k $7.5k | Added +1.2k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.1k $6.2k | Unchanged |
| Ankerstar Wealth, LLC 0.00% of their portfolio | 900 $5.2k | Unchanged |
| Stone House Investment Management, LLC 0.00% of their portfolio | 788 $4.5k | New |
| EVOLUTION WEALTH MANAGEMENT INC. 0.00% of their portfolio | 720 $4.1k | Unchanged |
| Farmers & Merchants Trust Co of Chambersburg PA 0.00% of their portfolio | 646 $4.0k | Unchanged |
| Benson Wealth Management INC 0.00% of their portfolio | 467 $2.7k | Unchanged |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 411 $2.4k | Reduced -411 |
| Allworth Financial LP 0.00% of their portfolio | 260 $1.5k | Unchanged |
| Cape Investment Advisory, Inc. 0.00% of their portfolio | 247 $1.4k | New |
| Investment Research & Advisory Group, Inc. 0.00% of their portfolio | 146 $838 | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 89 $511 | Unchanged |
| Bogart Wealth, LLC 0.00% of their portfolio | 57 $327 | Unchanged |
| Hartford Financial Management Inc. 0.00% of their portfolio | 48 $276 | Unchanged |